ICICI Prudential Life business update: Retail premiums rise over 11% YoY in December

ICICI Prudential Life Insurance Company Limited released its performance update for December 2025, reporting mixed growth trends across premiums and new business metrics.

The company’s retail weighted received premium (RWRP) stood at ₹793 crore in December 2025, up 11.5% year-on-year. On a quarterly basis, the RWRP for Q3 FY2026 reached ₹2.04 lakh crore, marking a 9.3% increase compared with the same period last year, while the nine-month FY2026 total was ₹5,328 core, down 3.8% from 9MFY2025.

Annualised Premium Equivalent (APE), which measures new business inflows, rose to ₹929 crore in December, representing a 7.3% year-on-year increase. For Q3 FY2026, APE totaled ₹2,525 core, up 3.6% compared with the previous year, while the nine-month total was ₹6,811 crore, a 1.4% decline from the same period in FY2025. Retail APE for December was ₹797 crore, up 4.3% year-on-year.

The company reported new business (NB) premiums of ₹1,945 crore for December 2025, a 25.1% increase from the prior year’s monthly figure, though this was offset by a sharp decline in November. Year-to-date NB premiums for nine months stood at ₹15,090 crore nearly flat compared with 9MFY2025. New business sum assured reached ₹1.18 lakh crore for December, taking the nine-month total to ₹101.60 lakh crore, an 18.1% year-on-year rise.

The update highlights continued growth in retail-focused premiums and new business coverage, while some broader metrics, including nine-month totals, showed slight moderation compared with the previous fiscal year.

ICICI Prudential Life submitted the update to both the BSE and NSE under SEBI’s Listing Obligations and Disclosure Requirements (LODR) and has also made the information available on its website.